This is a kind of big news for stablecoin launched by ripple. Its called RLUSD Stablecoin and now this stable coin is available on Independent Reserve in Singapore.
Independent Reserve is the first cryptocurrency exchange that has got licence to work in Singapore and this is a good listing for exchange and coin both because this will enable more easy accessibility for people in Singapore. Exchange listing is an important part for any coin and it is applicable for every coin including you stable coin and other cryptocurrency coin which are fluctuating in value. Stable coins are known I disable because they are value is not fluctuating in the market.
RLUSD is an absolute equivalent to the US dollar but is launched on the XRP Ledger and the Ethereum blockchain. Stablecoin has multiple applications and can be used for cross-border payments, financial transactions, and even DeFi coins
Currently this is stable coin has limited presence but I hope that this coin will be getting more attendant in the market where many exchanges will be listing this coin. The reason why it is going to be popular because it is by a leading project in market and also the company is time to add more value in the ecosystem so the system required which will encourage more exchanges to list the stable coin.
It is also possible that this coin gets listed in more exchanges as part of some partnership that repel might be doing in future so it's worth waiting and see that how things are going to be.
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